Question

Distirnguish between desire and demand​

Answer 1

ANsWER :-

• Desire simply refers to the mere wish of a person to have a particular commodity. Demand refers to a desire backed by the ability and willingness to pay for a particular commodity. A person can desire anything at any point of time. ... There is no relation between desire with price, place and time

Answer 2

• Desire simply refers to the mere wish of a person to have a particular commodity.
• Demand refers to a desire backed by the ability and willingness to pay for a particular commodity. ... There are several limitations affecting demand like ability to pay, willingness to buy etc.